The greater the risk of nonrepayment of a loan, other things being equal
A. the longer is the repayment term.
B. the lower is the charged loan fees.
C. the smaller is the amount of collateral that is used.
D. the higher is the rate of interest.
Answer: D
You might also like to view...
A minimum wage rate that is set ________ the equilibrium real wage rate creates a ________ of labor
A) below; surplus B) below; shortage C) above; surplus D) above; shortage E) equal to; shortage
If a corporate bond with a face value of $2,000 pays yearly coupon payments of $50, what is the coupon rate?
A) 2.5% B) 4% C) 25% D) 40%
As a percentage of total federal revenue, excise taxes have _____
a. risen slightly since 1960 b. remained constant since 1960 c. risen considerably since 1960 d. fallen since 1960
Which one of these people said this? "The art of taxation consists in so plucking the goose as to obtain the largest possible amount of feathers with the smallest amount of hissing."
A. John Maynard Keynes B. Milton Friedman C. Karl Marx D. Jean Baptiste Colbert